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Ugandan Government to Set up Laws for Regulating its Microfinance Sector
During the 2007 Citigroup Micro-entrepreneurship awards ceremony in Kampala on January 10, 2008, State Minister for Microfinance, Caleb Akandwanaho announced that a new law regulating the activities of microfinance institutions will take effect in June 2008. The law is meant to bring an end to corruption in Uganda’s savings and co-operative organizations (SACCOs) following dozens of complaints from customers claiming to have been fleeced of their savings, and police investigations in September 2007 of four savings and co-operative organizations (SACCOs) suspected of fraud, including the suspension of The Support Uganda Savings and Cooperative Society, and arrests of SACCO heads.

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What is a Small Business Administration (SBA) Loan?
As a new entrepreneur looking for capital, one of your first options for a loan will be a SBA-backed loan. SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. (You are still liable for the loan, so your obligation does not go away) This makes it easier for banks to lend to budding entrepreneurs, but it does not mean that the bank can lend indiscriminately. The bank will analyze the application to protect its interest as well as the SBA’s.
9.0 Conclusions: Entrepreneurship and Small Business Enterprise Growth in Uganda
As the world turns global, many countries are emerging out of the abject poverty into wealth. South Korea and Singapore are classical examples. In the 1960's, South Korea's per capital GDP was similar to that of Uganda. South Korea is now among the developed countries. Uganda is still characterised by massive poverty. The only way to transform Uganda and many African countries is to fuel growth through business development. Given the global competition, Africa may not be able to position herself competitively as a world class competition but must foster the growth of businesses through micro and small enterprises. Many donor funding agencies have identified this and have focused their attention to this sector.
Central Bank of Nigeria (CBN) Approves Conversion of Community Bank into Microfinance Institution (MFI)
The Central Bank of Nigeria (CBN) has approved the conversion of the Olabisi Onabanjo University Community Bank Limited into a microfinance bank. The community bank has operated on the campus of Olabisi Onabanjo University in Ago-Iwoye, Nigeria since March of 2003, and the majority of its shareholders are affiliated with the university. One source reports that, in its first year in business, the bank made a surplus that was “far in excess of its total paid up capital,” but no other sources were found to corroborate this information and no further information was found on the OOU Community Bank.
Not Just Treasure in Heaven Alliance for Christians in Development ACID to Grant Micro Loans to Benefit Ugandan Schoolchildren
The Alliance for Christians in Development (ACID) Trust, a non-governmental development organization based in Uganda which, among other projects, provides microfinance services to rural women and youth, will be extending micro loans to parents who cannot afford to pay their children’s school fees. Typically, fees cost about USD 35 per term. A September 2006 report (pg 4) by Save the Children indicated that 1.1 million primary-aged children in Uganda are out of school, the majority because they cannot afford uniforms, books, and basic supplies. Under ACID Trust’s program, the plan is that parents will borrow from the trust interest-free, invest the money to make a profit, pay back the loan and save the remainder to put toward their children’s education.

Ugandan Government to Set up Laws for Regulating its Microfinance Sector
During the 2007 Citigroup Micro-entrepreneurship awards ceremony in Kampala on January 10, 2008, State Minister for Microfinance, Caleb Akandwanaho announced that a new law regulating the activities of microfinance institutions will take effect in June 2008. The law is meant to bring an end to corruption in Uganda’s savings and co-operative organizations (SACCOs) following dozens of complaints from customers claiming to have been fleeced of their savings, and police investigations in September 2007 of four savings and co-operative organizations (SACCOs) suspected of fraud, including the suspension of The Support Uganda Savings and Cooperative Society, and arrests of SACCO heads.
Communicating With Your Bank
Entrepreneurs need to be prepared with facts and effective communication skills when they visit their local bank, or when a new banking relationship is being established. Do not take it lightly. Follow this quick advice to get the most out of your relationship with your bank and bank managers.
The Roles And Responsibilities Of The Canada National Bank
Canada National Bank is the central bank of Canada. Although, it is important to know that it is not a government department. It is rather a crown corporation owned by the government. Though its activities are almost independent, its earnings go to the federal treasury and shares are directly held by the finance ministry. Besides that, it is not the federal public service agency but the bank itself that regulates the employees of this bank. It was after the introduction of the 1934 Bank of Canada Act that gave this bank the monopoly on the issuance of banknotes. The value of the Canadian dollar depends upon the actual amount of money created by this bank. Its main task is to promote the financial and economic well being of Canada.

How to get bank funding in five essential steps
As we all know, persuading your bank to give you funding is a much trickier business that it used to be. So if you're an entrepreneur or growing company relying on bank finance, it is essential to have a healthy relationship with your bank.
Commercial Bank Financing In Canada – Solutions and Maybe An Alternative Via Business Banking Competitors!
Information on commercial bank financing in Canada . What are the key issues in getting approved for the business financing your firm needs . There is in many cases a bank alternative via non bank financing from competitors to the Canadian banking industry .

What’s The Best Financing & Funding In Canada For Your Business - Tips On A Corporate Bank Loan
Information on how to address success via a corporate bank loan for the financing and funding of your business . Bank facilities and pricing are the best solution for your finance needs, IF .. you know how to address the bank process.
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